Overview
What is Texas Health Resources Foundation?
Texas Health Resources Foundation is a nonprofit organization based in Arlington, Texas, with a team of 33 employees. Their primary focus is to foster philanthropy and build collaborative relationships within the healthcare community. By aligning with Texas Health Resources and its related entities, the Foundation supports various programs and services aimed at enhancing community health. Their activities include capital campaigns, major gift programs, annual and tribute giving, planned giving, special events, and hospital affinity groups. Grants are allocated for initiatives such as the education of healthcare professionals, medical research, indigent patient programs, hospital equipment, capital projects, and operating expenses for certain hospital departments.
Official website here: www.texashealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Texas Health Resources Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The foundation's score is derived solely from its accountability and finance metrics, where it scored 95%. This strong performance indicates effective governance and transparency practices, which are crucial for building trust with donors and stakeholders.
The foundation boasts a fully independent board, with 93% of its members meeting this criterion, demonstrating a commitment to impartiality in its decision-making processes. Additionally, the organization excels in financial oversight, evidenced by its perfect score in areas such as audit and oversight processes, along with a solid performance in managing its liabilities and assets.
Despite its strengths, the program expense ratio stands at 69.30%, which, while commendable, suggests that there is room for improvement in maximizing the funds allocated directly to programs. Overall, Texas Health Resources Foundation shows a strong commitment to accountability and effective management, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Health Resources Foundation legitimate?
Texas Health Resources Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Health Resources Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,626,049
Professional Fundraising Fees: $234,000
Other Salaries and Wages: $2,616,567
For more financial information, click here
Official website here: www.texashealth.org
What is the mission statement of Texas Health Resources Foundation?
The Texas Health Resources Foundation focuses on developing and nurturing philanthropy and collaborative relationships within the healthcare community. By doing so, it supports the programs and services offered by Texas Health Resources and its related entities. The Foundation's primary goal is to align with Texas Health Resources to foster growth and enhance the health of the served communities. Through various fundraising initiatives, including capital campaigns, major gift programs, annual giving programs, planned giving programs, special events, and hospital affinity groups, the Foundation grants funds to a range of causes, including physician and healthcare professional education, medical research, indigent patient programs, hospital equipment replacement, and operating expenses for certain departments at related hospitals.
Official website here: www.texashealth.org
Who is the CEO of Texas Health Resources Foundation?
Laura Mcwhorter is the Principal Officer of Texas Health Resources Foundation. The CEO's salary of Texas Health Resources Foundation is $87,000 and their total compensation is $193,225.
Official website here: www.texashealth.org
What is the revenue of Texas Health Resources Foundation?
Texas Health Resources Foundation's revenue in 2022 was $19,184,776.
Official website here: www.texashealth.org
Who are the executives of Texas Health Resources Foundation and what are their salaries?
The average compensation at Texas Health Resources Foundation during 2022 was $128,564. There are 33 employees and 493 volunteers at Texas Health Resources Foundation.
Here are 29 key members and their salaries (Texas Health Resources Foundation's CEO's salary is $87,000 and their total compensation is $193,225):
- Compensation: $0
- Related: $3,378,414
- Other: $427,703
- Compensation: $0
- Related: $1,477,178
- Other: $157,209
- Compensation: $0
- Related: $1,190,704
- Other: $140,137
- Compensation: $0
- Related: $524,017
- Other: $129,601
- Compensation: $566,343
- Related: $0
- Other: $85,638
- Compensation: $0
- Related: $389,083
- Other: $68,685
- Compensation: $348,393
- Related: $0
- Other: $62,558
- Compensation: $0
- Related: $269,574
- Other: $63,842
- Compensation: $246,074
- Related: $0
- Other: $38,478
- Compensation: $252,948
- Related: $0
- Other: $25,616
- Compensation: $185,406
- Related: $0
- Other: $51,694
- Compensation: $162,570
- Related: $0
- Other: $39,783
- Compensation: $165,171
- Related: $0
- Other: $35,637
- Compensation: $87,000
- Related: $106,225
- Other: $0
- Compensation: $133,613
- Related: $0
- Other: $11,867
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.texashealth.org
Where can I find the form 990 for Texas Health Resources Foundation?
Texas Health Resources Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texashealth.org
Learn more at the official website: www.texashealth.org
Mission Statement of Texas Health Resources Foundation
Texas Health Resources Foundation, a philanthropic organization, is dedicated to fostering collaborative relationships within the community to support the initiatives and services provided by Texas Health Resources and its related entities. The primary objective of the Foundation is to cultivate philanthropy, encouraging community members to contribute financially and through partnerships to enhance the health and wellbeing of the communities served.
Texas Health Resources Foundation plays a crucial role in aligning with Texas Health Resources and its affiliated organizations to identify, solicit, and grant philanthropic funds for a range of projects. These activities include capital campaigns, major gift programs, annual and tribute giving programs, planned giving programs, special fundraising events, and hospital affinity groups. The Foundation's grants primarily focus on supporting the education of healthcare professionals, medical research, indigent patient programs, hospital equipment replacement and capital projects, and various patient care services within the community. Additionally, some grants are allocated to cover operating expenses for specific departments within Texas Health System hospitals.
By engaging in philanthropic efforts and collaborations, Texas Health Resources Foundation is instrumental in bolstering the impact of Texas Health Resources and its entities, ultimately contributing to the provision of essential healthcare and health-related services for the communities they serve.
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Impact
October, 2024
Texas Health Resources Foundation significantly enhances the healthcare landscape by fostering philanthropy and building collaborative relationships within the community. The Foundation plays a crucial role in supporting Texas Health Resources and its affiliated organizations, ensuring the sustainability and improvement of essential health programs and services.
Through targeted activities such as capital campaigns, major gift programs, and special fundraising events, the Foundation mobilizes resources to directly benefit the healthcare system. It allocates grants that support the education of healthcare professionals, medical research, and programs designed for underserved populations. Additionally, funding is provided for critical hospital equipment, capital projects, and operational expenses, which directly contribute to enhancing patient care and community health.
By engaging the community and cultivating financial support, the Foundation not only improves healthcare services but also strengthens the bonds between healthcare providers and the people they serve, ultimately leading to healthier communities across Texas.
This information is meant to be a general summary of Texas Health Resources Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,959,625
- Gross Receipts: $115,864,909
Assets and Liabilities:
- Total Assets: $320,277,197
- Total Liabilities: $2,339,086
- Net Assets: $317,938,111
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Organization Details
Founding Year
1985
Phone
(682) 236-7900Principal Officer
Laura Mcwhorter
Main Address
612 E Lamar Blvd Ste 300, Arlington, TX, 76011
Website
www.texashealth.orgNTEE Category
Code: E110 - Health
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